Businesses that can call upon capital and expertise from private equity owners are seen as better able to weather the huge economic impact of the coronavirus lockdown.
The only cross-border flows into Hong Kong commercial property this year have come from China, while local investors have been buying more overseas real estate, amid the recent turmoil.
The territory's office real estate market looks unlikely to rebound for some time to come, given a mixture of ongoing coronavirus effects, hoarding owners and political unrest.
The two asset owners are launching what should be the largest closed-end fund in Asia for a diversified portfolio of premium real estate, and are eyeing several assets.
The unwillingness of local real estate owners to drop prices despite the Covid-19 pandemic means that there are few investment opportunities to be found.
Asia’s ultra-rich say the worst is not over for markets, but they are carefully looking for opportunities to spend their cash, particularly in some private assets and Asia equities.
Asset owners looking to diversify portfolio risk with hedge funds may see limited gains or even losses as the Covid-19-induced financial crisis renders fundamentals irrelevant.
Real estate transaction volumes in the region fell more sharply than those elsewhere in the first quarter, but the rebound may also be stronger.
A sizeable number of troubled high yield bonds are from private equity-backed companies. What are the chances their general partner owners will help bail them out?
With the immediate market panic around Covid-19 having subsided, some investors are carefully spying out possible investing opportunities in real estate, says CBRE.
But other investors have been busy striking deals in Japan's residential sector, which is seen as likely to hold up better than other Asian real estate markets amid the pandemic.
Despite rising US-China tensions, Asian-based funds, some with North American investors, remain committed to mainland ventures.
New research draws a plausible conclusion given the recent turmoil in Hong Kong, albeit from a very partial source. But some industry professionals do not see big capital outflows just yet.
The pandemic looks may have led to greater use of remote capital-raising but might it also encourage investors to establish more overseas offices?
And they look set to continue spreading their wings to less typical locations when they do so.
Some private equity firms could struggle to get money for China-focused funds amid rising Sino-US tensions and after a private equity-backed mainland company admitted to fraud.
Travel lockdowns have severely impacted the investors' ability to keep adding to their historical interest, especially in overseas alternative assets.
Limited partners have cut back on private equity investments as they focus on monitoring their portfolios. And they are taking a more careful and rigorous approach to fund managers.
Asia may be weathering the coronavirus pandemic better than its Western counterparts, but it is nonetheless expected to throw up financing and restructuring opportunities.
Meanwhile, interest in global and emerging market equity strategies fell in the first quarter, according to new research from investment consultancy Bfinance.